| 1 |
The Plots will be allotted under Sy. Nos 705, 706, 706/A4, 706/AA and 706/A2, etc, in Kishan Nagar (Vill), Farooqnagar (Mandal), Mahaboob Nagar Dist. |
| 2 |
To join the scheme a member should pay an admission fee of Rs.300/- along with reservation amount of Rs. 35,000/- for plot allotment and conformation. For entering in to an agreement one should pay three spl. instalments alongwith the reservation amount. |
| 3 |
A member shall pay Rs. 35,000/- towards reservation amount with admission fee of Rs.300/- and balance amount of Rs. 3,64,800/-in 40 monthly installments for the plot measuring 200 sq. yds. A member shall pay monthly installments of Rs. 7500 x 39 months and Rs.7300/- in 40th month and Rs. 13,000/- in every 8th, 16th, 24th, 32nd and 40th months (from date of joining) as special installments. Member has to pay Rs.100/- extra persq.yrdfor40' Road Corner plot & for any northeast Corner plot extra Rs. 250/-persq.yrd. |
| 4 |
A member shall pay Reservation amount of Rs. 35,000/- and balance amount of Rs. 3,64,800/- equated monthly installment of Rs. 9120/- in 40 months. |
| 5 |
Those members who seeks to pay the full amount of the plot cost as out-right come avail 10% discount. This out-right payment shall be irrespective of plot registration. Registrations will be done according to the company's schedule and approvals. |
| 6 |
Monthly installments due shall be paid on or before 7th of every month and company's receipt should be obtained. Company will not be responsible for any receipts other than the receipts duly signed by the authorized signatory. |
| 7 |
The initial allotment of plot numbers are tentative. The final number of plot will be given at the time of registration. Management reserves the right to alter the plots and layout partially or fully. Accordingly plot will be allotted to the members. |
| 8 |
Registration charges as per the prevailing rates of the government and incidental charges for registration to be borne by all the members by themselves only. |
| 9 |
Management reserves the right to increase or decrease the plots cost prior to the members joining the scheme. |
| 10 |
Registration / Agreement charges are to be borne by members as fixed by the company. Interest at the rate @ Rs.2/- per month will have to be paid for overdue installments as penal charges. If installments are not paid for three months in succession, Management reserves the right to cancel the membership without any prior notice and will be treated as defaulter. |
| 11 |
If member / members become defaulter due to non-payment of installments as per the scheme, the company has the right to cancel his/her plot allotment without any notice and such member / members regularises the payment later he / she has to select another plot from the available vacant plots at that point of time. |
| 12 |
Management is authorised to admit or reject any membership. Management reserves its right to change the rules and regulations of the scheme before the member joins the scheme. |
| 13 |
Installment payments can be paid to our authorized Collection Executive / Office cash counter only and members must demand for company's authorized pre-starnped and duly signed receipt by the competent authority. Company will not be responsible for unauthorised payments and receipts. |
| 14 |
Those who make payment through Demand draft / Cheques shall have to bear the Bank Charges by themselves only. |
| 15 |
Change of name or transfer of membership to some other member who is identified by the member will be according to the company's rules and regulations and will attract additional charges as fixed by the company. |
| 16 |
No member / members will be allowed to cancel his membership during the running period of the scheme. However after the closure of the scheme if any member wishes to cancel his membership, such member will be considered for refund after deducting all expenses of marketing, administration and development expenses. |
| 17 |
The company will not be responsible for any loss caused by the act of nature or by the act of legislation. |
| 18 |
Alllegal mattersaresubjecttothejurisdictionof Mahaboob Nagar / Hyderabad courts only. |
| 19 |
The company will not be responsible for unauthorised agreements made by anyone other than above terms & conditions. I have thoroughly read and understood the above terms and conditions. |
